About us
Regent brings extensive valuation, entitlement, planning and construction management experience to all types of real estate projects. No two tracts of land are identical, thus each project brings a different set of physical, governmental and financial challenges. With this in mind, Regent has formulated a systematic, tried and true methodology for the development of real estate and this platform is employed for company-owned as well as third-party projects. A typical real estate development will go through four phases: Due Diligence, Plan Development (including the governmental approval process), Project Bidding (including Plan Review/Value Engineering) and Construction Management. Each stage is managed meticulously by Regent and noted below is a summary of the activities undertaken on a typical project during each phase.
Due Diligence
- Determine availability/location of utilities including water, sewer, electric, gas, telephone & CATV and whether any off-site easements are required
- Assemble a schedule of all impact/connection fees
- Review municipal thoroughfare plans to determine impact of any proposed roadways and/or the requirement to upgrade any existing contiguous roadway
- Determine current zoning and prepare a re-zoning/annexation schedule as necessary. Obtain zoning verification letter
- Review proposed drainage plan and determine the need for any on-site detention, off-site easements and/or any downstream conflicts
- Determine if the site might be impacted by any rare or endangered species or contains any wetland features or other environmental issues.
- Determine other miscellaneous municipal regulations with potential to impact project cost (tree ordinance, impervious cover limitations, etc.)
- Order and review Phase I Environmental Report
- Order and review Geotechnical Report
- Review FEMA 100 year flood map and determine impact, if any
- Obtain a current survey of the property as well as a title commitment and review all easements, liens, deed restrictions and encroachments
- Obtain any required off-site easements
- Assist in development of a conceptual site plan
- Determine the potential impact of any “roll back” taxes or homeowner association assessments
- Prepare a summary report
Plan Development and Governmental Approval
- Complete site plan development
- Develop a detailed project schedule
- Coordinate zoning, re-zoning, and/or annexation of property
- Coordinate the preparation and submission of the preliminary and/or concept plan to the any presiding municipality, if necessary.
- Represent the owner at Planning Commission, Zoning Commission, City Council, and other municipal boards and commissions as required.
- Coordinate the preparation and approval of the final plat and site construction plans by all municipal authorities
- Coordinate preparation of Architectural, MEP, Structural, Civil Engineering and Landscaping Plans
- Coordinate approval of Architectural, MEP, Structural, Civil Engineering and Landscaping Plans by all municipal authorities and obtain building permit
Project Bidding, Plan Review and Value Engineering
- Conduct detailed review of construction drawings and prepare list of comments
- Coordinate update of construction drawings
- Select contractors to bid project
- Prepare “Instructions to Bid” and other related bid documents
- Supervise the bid process including any public bidding, if required
- Prepare summary of bids for review by owner
- Coordinate the selection of contractor
- Negotiate and review construction contract
- Obtain necessary insurance from consultants and contractors
- Prepare timeline for construction of project
Construction Management
- Issue “Notice to Proceed” to contractor
- Coordinate pre-construction meeting with contractor to review construction schedule and discuss/resolve critical path issues
- Oversee Contractor’s prosecution of site work and installation of any off-site utilities
- Oversee Contractor’s installation of slab
- Oversee Contractor’s construction of building
- Prepare report after each site visit
- Review and approve contractor’s detailed pay request on a monthly basis
- Procure bids for ancillary equipment, materials, and services
- Review contractor’s change order requests
- Review and submit R.F.I.’s, shop drawings, and manufacturer specifications to the architect/structural/MEP engineer for approval
- Prepare detailed punch list for project
- Supervise contractor’s final completion of project and punch list
- Insure contractor is keeping project in compliance with environmental regulations
- Oversee contractor’s acceptance of project by all governing authorities (inspections, final acceptance letter(s)/certificate of occupancy)
- Coordinate procurement of as-built survey
- Obtain warranty letter from Contractor
At Regent, we use practical skills and market expertise to make sure each project we undertake is properly vetted, thoughtfully planned and managed with excellence. Our experience 1) saves clients from unnecessary expenses related to potential design/construction related issues, 2) allows us to provide much needed direction concerning key decisions required during the construction process; and, 3) generally reduces exposure to owners who lack industry knowledge. Simply put, our expertise adds value to real estate projects, thereby increasing the potential for long term success.
